ArPO Management: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ArPO Management
Largest movements
- Receivables after one year +€34,857
new in 2024: €34,857
of which Other amounts receivable: +€30,377
- Receivables within one year -€20,767
down €20,767 (-47.2%), from €44,001 to €23,234
of which Other amounts receivable: -€16,084
- Cash +€5,940
up €5,940 (+133%), from €4,453 to €10,393
mainly Receivables within one year (+€20,767) and Net result for the year (+€16,159)
- Profit (loss) carried forward +€16,159
up €16,159 (+220%), from €7,333 to €23,492
- Advances received +€6,010
new in 2024: €6,010
- Tax, wage and social debts -€2,697
down €2,697 (-10.6%), from €25,461 to €22,764
- Gross operating margin +€7,761
up €7,761 (+34.0%), from €22,796 to €30,557
- Taxes +€2,889
up €2,889 (+47.2%), from €6,115 to €9,003
- Other operating charges +€1,055
up €1,055 (+44.1%), from €2,391 to €3,445
- Depreciation +€574
up €574 (+49.8%), from €1,153 to €1,727
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,657 | €70,129 | +€19,472 | +38.4% |
| Fixed assets | 21/28 | €2,203 | €1,645 | -€558 | -25.3% |
| Tangible fixed assets | 22/27 | €2,203 | €1,645 | -€558 | -25.3% |
| Plant, machinery and equipment | 23 | €202 | €0 | -€202 | -100% |
| Furniture and vehicles | 24 | €2,001 | €1,645 | -€356 | -17.8% |
| Current assets | 29/58 | €48,454 | €68,483 | +€20,030 | +41.3% |
| Amounts receivable after more than one year | 29 | - | €34,857 | +€34,857 | |
| Trade receivables | 290 | - | €4,480 | +€4,480 | |
| Other amounts receivable | 291 | - | €30,377 | +€30,377 | |
| Amounts receivable within one year | 40/41 | €44,001 | €23,234 | -€20,767 | -47.2% |
| Trade receivables | 40 | €4,683 | - | -€4,683 | |
| Other amounts receivable | 41 | €39,317 | €23,234 | -€16,084 | -40.9% |
| Cash at bank and in hand | 54/58 | €4,453 | €10,393 | +€5,940 | +133% |
| Total equity and liabilities | 10/49 | €50,657 | €70,129 | +€19,472 | +38.4% |
| Equity | 10/15 | €25,196 | €41,355 | +€16,159 | +64.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,663 | €11,663 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,803 | €9,803 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,333 | €23,492 | +€16,159 | +220% |
| Amounts payable | 17/49 | €25,461 | €28,774 | +€3,313 | +13.0% |
| Amounts payable within one year | 42/48 | €25,461 | €28,774 | +€3,313 | +13.0% |
| Advances received on contracts in progress | 46 | - | €6,010 | +€6,010 | |
| Taxes, remuneration and social security | 45 | €25,461 | €22,764 | -€2,697 | -10.6% |
| Taxes | 450/3 | €25,461 | €22,764 | -€2,697 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,153 | €1,727 | +€574 | +49.8% |
| Other operating charges | 640/8 | €2,391 | €3,445 | +€1,055 | +44.1% |
| Gross operating margin | 9900 | €22,796 | €30,557 | +€7,761 | +34.0% |
| Operating profit (loss) | 9901 | €19,252 | €25,385 | +€6,133 | +31.9% |
| Financial charges | 65/66B | €121 | €223 | +€102 | +84.1% |
| Recurring financial charges | 65 | €121 | €223 | +€102 | +84.1% |
| Profit (loss) for the period before taxes | 9903 | €19,131 | €25,162 | +€6,031 | +31.5% |
| Income taxes | 67/77 | €6,115 | €9,003 | +€2,889 | +47.2% |
| Profit (loss) for the period | 9904 | €13,016 | €16,159 | +€3,142 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,016 | €16,159 | +€3,142 | +24.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.